Seller's Agent in 2024
Alex Hodges
Cottage Street Realty LLC
(703) 819-1023
9 in this area
560 Total Sales
Summer Beach 3 35th St Ocean City, MD 21842
Estimated Value: $485,000 - $566,000
2
Beds
2
Baths
992
Sq Ft
$1,025/ mo
HOA Fee
Highlights
- 200 Feet of Waterfront
- Ocean View
- Building is oceanfront but unit may not have water views
- Ocean City Elementary School Rated A
- Public Water Access
- Coastal Architecture
About This Home
As of May 2024THIS IS THE ONE YOU'VE BEEN WAITING FOR! The expansive & unobstructed ocean view speaks for itself & says it all! Gaze out at the ocean right from your bed or living room sofa, while hearing nothing but the sound of waves crashing on the shore. It's the stuff that dreams are made of! And now you have a golden opportunity to make your dreams a reality in one of Ocean City's MOST sought-after & highly-coveted oceanfront buildings.
This beautiful & meticulously maintained condo offers 2 generous bedrooms, 2 full bathrooms, open-concept living & dining area, a well-appointed kitchen, laundry closet, & 150 sqft of additional outdoor living space on the expansive, 25 foot balcony. The spacious primary bedroom features a wall-length glass slider that provides private access to the balcony & maximizes the amazing Atlantic Ocean views. The primary bathroom features a gorgeous 60" double sink vanity with a solid Cararra marble countertop, soft-close doors/drawers, & polished chrome fixtures, waterproof luxury plank flooring, & dual-flush toilet (all 2024). The guest bathroom features a new vanity with a Carrara marble engineered stone countertop & dual-flush toilet (2024). The newly updated & expanded kitchen features white cabinetry, soft-close doors/drawers, 2 full-size lazy susan corner base cabinets to maximize space & storage, premium granite countertop, beveled Calcutta marble subway tile backsplash, under cabinet lighting, & over 8 feet of raised-counter dining space with seating for 4. All stainless steel appliances include french door refrigerator w/bottom freezer, 5-burner radiant cooktop & range, microwave w/exhaust fan, & dishwasher w/steel tub. Luxurious Phillip Jefferies grasscloth wallpaper & white wainscoting adorn the walls in the living/dining room, foyer, & hallway. Also features a new Carrier HVAC system (3 yrs new & under warranty), 50-gallon Rheem water heater in 2019 (under warranty), hurricane-rated front door in 2019, & electrical outlets/switches upgraded & replaced in 2021.
Summer Beach offers an oceanfront pool, 2 elevators, mostly-covered garage parking (2 spaces/owner), cable TV service included, convenient trash chutes on each floor, outside showers, bicycle storage room, designated dog walk/potty area, building generator, secured lobby, & a nighttime attendant until 2:00 a.m.during the summer months. Summer Beach has a well-managed association that is proactive in maintaining the property. Recent projects include a new roof (2021), parking garage reinforced & resurfaced (2018), balconies sealed & waterproof-coated (2019), electric meters replaced (2020), dry sprinkler system replaced (2020), pool/pool deck resurfaced (2020), & so much more. While this condo has never been rented before, if you're looking to invest in a rental property, just think of all the benefits to be realized from having an ONSITE RENTAL OFFICE right in the lobby! Staffed year-round, 7 days a week, Seaside Vacations can handle every aspect of the rental process, while closely monitoring & safeguarding the property on your behalf.
Best of all, the price is fully supported from a comp perspective! In particular, the most recent sale in the building, unit 607, was sold 4/2/24 in an OFF-MARKET, agentless transaction for $500k, equivalent to $530k for an on-market, agent-assisted transaction ($30k in fees were avoided, thereby yielding the same net proceeds).
Note regarding condo fee: the actual condo fee is $700/month. Due to recent changes in legislation resulting from the building collapse in FL, an additional $325/month is temporarily being collected from owners to comply with the requirement to fully-fund reserves by October 2026. The association voted to collect more than the minimum needed to meet the deadline, to satisfy the requirement sooner.
Last Agent to Sell the Property
(703) 242-0005 alex.hodges@yahoo.com Cottage Street Realty LLC Listed on: 04/12/2024
Last Buyer's Agent
(410) 561-0044 athinagarcia@remax.net Berkshire Hathaway HomeServices Homesale Realty
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,496
Year Built
- Built in 1986
Lot Details
- Building is oceanfront but unit may not have water views
- 200 Feet of Waterfront
- Home fronts navigable water
- Property is in very good condition
HOA Fees
- $1,025 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Basement Garage
Home Design
- Coastal Architecture
- Entry on the 3rd floor
- Masonry
Interior Spaces
- 992 Sq Ft Home
- Property has 1 Level
- Partially Furnished
- Crown Molding
- Wainscoting
- Window Treatments
- Sliding Doors
- Dining Area
Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
- Dual Flush Toilets
- Bathtub with Shower
Laundry
- Laundry in unit
- Stacked Electric Washer and Dryer
Home Security
Outdoor Features
- Outdoor Shower
- Public Water Access
- Property is near an ocean
Utilities
- Forced Air Heating and Cooling System
- Programmable Thermostat
- Electric Water Heater
Additional Features
- ENERGY STAR Qualified Equipment
- Flood Risk
Listing and Financial Details
- Tax Lot 304
- Assessor Parcel Number 2410300797
Community Details
Overview
- Association fees include alarm system, all ground fee, custodial services maintenance, exterior building maintenance, lawn maintenance, management, cable TV, common area maintenance, insurance, pool(s), reserve funds, trash
- Mid-Rise Condominium
- Summer Beach Community
- Property Manager
Amenities
- Elevator
Recreation
- Fenced Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
Security
- Front Desk in Lobby
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2024
Closed on
May 17, 2024
Sold by
Beatty Lacey
Bought by
Neofitou Margo
Seller's Agent
Alex Hodges
Cottage Street Realty LLC
Buyer's Agent
Athina Garcia
Berkshire Hathaway HomeServices Homesale Realty
List Price
$529,999
Sold Price
$515,000
Premium/Discount to List
-$14,999
-2.83%
Views
63
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,902
Avg. Annual Appreciation
-0.31%
Purchase Details
Listed on
Apr 15, 2014
Closed on
Jun 13, 2014
Sold by
Schmedes Henry J and Schmedes Gary M
Bought by
Beatty Lacey
Seller's Agent
Bill Beam
Beam Realty Group, Inc.
Buyer's Agent
John Quinn
Quinn Real Estate
List Price
$295,000
Sold Price
$265,000
Premium/Discount to List
-$30,000
-10.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Purchase Details
Closed on
May 17, 2002
Sold by
Schmedes Henry J and Schmedes Mary V
Bought by
Life Schmedes Mary V For
Purchase Details
Closed on
Apr 16, 1997
Sold by
Theodore Harrison
Bought by
Schmedes Henry J and Schmedes Mary V
Purchase Details
Closed on
Aug 2, 1989
Sold by
Green Bank Enterprises
Bought by
Harrison Theodore and Harrison Caren
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,400
Interest Rate
9.81%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Neofitou Margo | $515,000 | Capitol Title | |
| Neofitou Margo | $515,000 | Capitol Title | |
| Beatty Lacey | $265,000 | None Available | |
| Life Schmedes Mary V For | -- | -- | |
| Schmedes Henry J | $111,000 | -- | |
| Harrison Theodore | $126,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Harrison Theodore | $113,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/17/2024 05/17/24 | Sold | $515,000 | -2.8% | $519 / Sq Ft | |
| 04/26/2024 04/26/24 | Pending | -- | -- | -- | |
| 04/12/2024 04/12/24 | For Sale | $529,999 | +100.0% | $534 / Sq Ft | |
| 06/15/2014 06/15/14 | Sold | $265,000 | -10.2% | $267 / Sq Ft | View Prior Sale |
| 05/20/2014 05/20/14 | Pending | -- | -- | -- | |
| 04/15/2014 04/15/14 | For Sale | $295,000 | -- | $297 / Sq Ft |
Source: Bright MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,605 | $337,267 | $0 | $0 |
| 2024 | $4,083 | $292,633 | $0 | $0 |
| 2023 | $3,496 | $248,000 | $173,600 | $74,400 |
| 2022 | $3,485 | $248,000 | $173,600 | $74,400 |
| 2021 | $3,504 | $248,000 | $173,600 | $74,400 |
| 2020 | $3,504 | $248,000 | $173,600 | $74,400 |
| 2019 | $3,528 | $248,000 | $173,600 | $74,400 |
| 2018 | $3,493 | $248,000 | $173,600 | $74,400 |
| 2017 | $3,615 | $255,900 | $0 | $0 |
| 2016 | -- | $255,900 | $0 | $0 |
| 2015 | $4,200 | $255,900 | $0 | $0 |
| 2014 | $4,200 | $269,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Hodges
-
Athina Garcia
A
Buyer's Agent in 2024
Athina Garcia
Berkshire Hathaway HomeServices Homesale Realty
(410) 561-0044
3 in this area
21 Total Sales
-
Bill Beam
Seller's Agent in 2014
Bill Beam
Beam Realty Group, Inc.
(443) 865-6969
2 in this area
103 Total Sales
-
J
Buyer's Agent in 2014
John Quinn
Quinn Real Estate
About Summer Beach
Map
Source: Bright MLS
MLS Number: MDWO2020246
APN: 10-300797
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